Solve for the amount of discount and amount due.
-Invoice amt: $30.86
Invoice date: July 9
Terms:
Date paid: July 24
A)Amount of discount: $0; amount due: $30.86
B)Amount of discount: $0.62; amount due: $30.24
C)Amount of discount: $6.17; amount due: $24.69
D)Amount of discount: $3.09; amount due: $27.77

Question

Solve for the amount of discount and amount due.
-Invoice amt: $30.86
Invoice date: July 9
Terms: 
Date paid: July 24
A)Amount of discount: $0; amount due: $30.86 
B)Amount of discount: $0.62; amount due: $30.24 
C)Amount of discount: $6.17; amount due: $24.69 
D)Amount of discount: $3.09; amount due: $27.77

Quizplus · Accepted Answer

The terms given do not indicate any discount and the invoice was paid after the due date, so no discount would apply. Therefore, the amount due would be the full amount of the invoice, which is $30.86. The terms given (11ebb7d6_6d96_8f4f_ad4c_073bee583fe2_TB8285_11) are not clear and cannot be used to solve for the discount or amount due.

Solve for the Amount of Discount and Amount Due